Focus: AustraliaMarket Close: Wed, 04 February 2026
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Australia's consideration of a minerals price floor to attract overseas investment sparked a rotation into resource sectors, lifting the ASX higher amid mixed global cues.
The S&P/ASX 50 and ASX 300 advanced modestly, with Energy and Materials leading the charge as commodity-sensitive names outperformed. Information Technology plunged over 5%, dragging Consumer Discretionary and Communication Services lower, while Industrials provided mild support. Broader participation remained uneven, highlighting a divergence between cyclicals and defensives.
The policy signal bolsters confidence in Australia's resource economy, potentially extending the uptrend in materials if foreign inflows materialize. Investors should note the tech weakness as a caution against over-reliance on growth sectors in a volatile environment.
Swing Trading Ideas (1–4 Weeks) - TEVO Methodology
Today's TEVO swing trade shortlist highlights a single high-conviction Pending Medium-Term Reversal long setup in the lottery sector, targeting oversold conditions with improving medium-term momentum. This opportunity aligns with broader consumer discretionary pressures but shows potential for mean reversion over the 1-4 week horizon. The 75% historical hit rate underscores its quality as a selective entry point.
| Q | Target | Δ% | Hit% | Lottery Corp Ltd (TLC:XASX) ▲ | -5.9 |
↑
5.34
+3.2%
75%
TEVO trades pick oversold/overbought but improving setups with positive expected value, strong historical hit-rates, giving you only the highest-probability swing opportunities each week. |